Land For Sale in Adelaide
Choose a package and discover how flexible and successful selling OR renting you’re own property can be:
SELL MY OWN HOME OR LAND TILL SOLD – $649
SELL MY OWN HOME OR LAND MONTHLY PACKAGE – $169
RENT MY OWN PROPERTY PACKAGE – $169
Private land sales in Adelaide are a growing market and there is no reason to be scared of tackling the sale on your own land as long as you are aware of a couple things. Before we look at some of the land values floating around Adelaide right now let’s talk about flawed thinking.
Basing your strategy or determining your profit on the wrong information when it comes to planning real estate transactions is a common mistake.
Do not base your profit on ‘on market’ data! They are not sold yet and may have been on the market for extended periods. You need to use recent sales data. This is the most realistic way of projecting a potential price.
To know the best thing ‘for you’ to do or the right way ‘for you’ to invest is all about gathering as much information as you can and surrounding yourself with professionals you connect with. I’m talking about Financial Planners, Mortgage Brokers, Conveyancers, Accountants etc. Unless you’re highly skilled in all of these areas best to get these guys around you and lean on them before you jump in to a deal. Your risk aversion will play a big role in what types of deals you should be getting involved in and your network of professionals should know where you sit.
When it comes to land for sale in Adelaide and subdivision, the first person to talk to is a good conveyancer.
There are many different costs to consider when it comes to subdivision, so a good start is to talk through these costs with your conveyancer. Conveyancers costs can vary too and there is usually a very good reason for this. I truly believe you get what you pay for so if your managing a more complicated sale and you don’t not have experience, say a subdivision, a Conveyancer experienced in this area is well worth the extra dollars. Do your research and find out what they will offer you for your money. They will also be familiar with different council policy areas and know what types of development applications usually get approved.
A sneaky insight to how an investor may look at a piece of land as a suitable option for subdivision is to find the average price of land per M² for the area by using previous sales data. This is probably slightly different to our part time property developers who may over look some details.
Let’s have a quick look at the suburbs around Adelaide as of May 2015.
- What is the average M² rate you can expect for land for sale in the Eastern suburbs of Adelaide. If we take Norwood as an example – $1637 per m2, average block size 330sqm, total price around $541,000
- What is the average M² rate you can expect for land for sale in the Southern suburbs of Adelaide. If we take Christies Beach as an example – $492 per m2, average block size 388sqm, total price around $191,000
- What is the average M² rate you can expect for land for sale in the North eastern suburbs of Adelaide. If we take Ingle Farm as an example – $335 per m2, average block size 456sqm, total price around $211,000
- What is the average M² rate you can expect for land for sale in the western suburbs of Adelaide. If we take Henley Beach as an example – $911 per sqm, average block size 491sqm, total price around $448,000
So next time you’re having a look at land prices or determining an asking price for you land check out the average m2 rate and see how you measure up!
Here at Private Property List we have experience in guiding private vendors through the process of selling their land as is, researching the viability and costings associated with subdivision, styles of marketing campaigns, and local sales trends.
Our professional approach to the marketing campaign for your piece of land provides choices of elevated photography, artists impressions, options of house and land packages, discussions regarding the viability of subdivision, access to professional investors, detailed market reports for your suburb and surrounds.